Debt Settlement companies
Question Details:
Due to medical problems and paycuts, I tried to consolidate my credit cards as well as use the supposed consolidated program, but was turned down and told I did not make enough money. So Trying to do the right thing, knowing it would **** my credit score, I sought a debt settlement company. Found one that works for me and have been faithfully paying since Jan; they have settled on one account so far. I want to avoid bankruptcy at all costs. Is it illegal to use the debt settlement companies?
Bankruptcy Law Answers
I am a lawyer in CT and practice in this area of the law. Using these companies is completely fine. they are lawfully existing companies and many of them are good at what they do. if this is workihng for you, then you should contninue to use the company.
Related Bankruptcy Questions
- IRS Debt Settlement: Can You Really Settle IRS Tax Debt For Pennies On The Dollar?
- In a community property state, do bankruptcy laws burden me with my former spouse’s debt?
- How is marital debt divided in divorce?
- Debt Collectors Using Facebook to Keep Tabs on Debtors
- How Has the Mortgage Meltdown Affected the Debt Collection Industry?
Didn't find your answer? Ask.
Top Ranking Attorneys
- Hong Shen210 Answers|Points 10500Gold Contributor
- Joseph Gasparrini46 Answers|Points 2200Bronze Contributor
- Kelly Broadbent81 Answers|Points 4000Silver Contributor
- Russ Pietryga78 Answers|Points 3850Silver Contributor
- Shawn Jackson17 Answers|Points 850Bronze Contributor
- Glenn M. Lyon, Esq.27 Answers|Points 1330Bronze Contributor
- Hong Shen210 Answers|Points 10500Gold Contributor
- Kelly Broadbent81 Answers|Points 4000Silver Contributor
- Russ Pietryga78 Answers|Points 3850Silver Contributor
- Sharon Siegel62 Answers|Points 3090Bronze Contributor
- Michael D. Siegel56 Answers|Points 2750Bronze Contributor
- Paula McGill50 Answers|Points 2500Bronze Contributor
Are you a lawyer?Want to be featured here? Sign up for a free profile and get started today! Click Here
More Questions Like This...
 |